Santonio Holmes is coming off a season where he had just 20 receptions after a foot injury forced him to miss 12 games.Associated Press

Could ‘Tone Time be running out for the New York Jets?

Gang Green will attempt to restructure the contract of Santonio Homes to create salary cap flexibility, and if the mercurial wide receiver isn’t amenable to the idea, it is possible he will be cut, according to ESPN NFL Insider Adam Schefter.

“If he’s unwilling to do that, that sets up a showdown between the two sides, and it’s possible that, if he’s unwilling to budge there, the Jets could decide to release him, making Santonio Homes a free agent,” Schefter said.

The soon-to-be 29-year-old Holmes is scheduled to make $11.25 million in 2013, with $7.5M in guarantees. He’s coming off a season where he had just 20 receptions after a foot injury forced him to miss 12 games.

Holmes’ best season with the Jets was 2010, when he reeled in 52 receptions for 746 yards and was the primary threat of a receiving corps dubbed “The Flyboys.”

But for all of his play-making abilities, his time with Gang Green has not been without its share of controversy.

In the final game of the 2011 season, Holmes was benched in a loss to the Miami Dolphins for his demeanor and for arguing with a teammate in the huddle. That same year, the receiver called out teammates and coaches through the media after his ill-advised selection as captain by coach Rex Ryan. Holmes also reportedly has a tenuous relationship with QB Mark Sanchez.

My $0.02:

If he won't restructure, cut away.

This is an awful lot of money and baggage for a guy who has never posted more than 52 receptions as a Jet.

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